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- EUR / USD is again trading near the highs of the end of April 2018
EUR / USD is again trading near the highs of the end of April 2018
Today, since the beginning of trading, the EUR/USD pair fell from $1.2250 to $1.2105, but during the European session, it regained all lost positions. The pair is again trading near the highs of the end of April 2018. On the hourly chart, EUR / USD is trading above the moving average line MA (200) H1 ($1.2180) and on the four - hour chart-above MA (200) H4 ($1.1995). In this situation, finding a buy position can be a wise decision for those who want to take advantage of a stronger European currency.
⦁ Resistance levels are: $1.2270-90, $1.2350, $1.2410
⦁ Support levels are: $1.2180-1.2205, $1.2105-30, $1.2060
The main scenario for promoting the pair - growth to $1.2270-90 (April 20' 2018 and December 17-18 highs) and then maybe to $1.2350 (April 17' 2018 high)
An alternative scenario - breakout of the session low of $1.2205 and MA (200) H1 ($1.2180) and may be a decline of the pair to $1.2105-30 (December 11-16 and 21 lows)
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